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VMWare is a relatively stable and profitable software growth stock. Last year, VMWare made about $3.6 billion in operating income. About 40% of its business is from maintenance and professional services, 37.6% is from recurring license fees, and 23.4% is from SaaS and subscription services.
The company expects that SaaS and hybrid cloud services will improve VMW’s competitiveness, yet, because it is mostly new land for the company, it will be challenging but rewarding.
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